Bill
Bill > A1657
NJ A1657
Prohibits use of education, occupation, and credit score as rating factors in automobile insurance underwriting.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill prohibits automobile insurers from assigning an insured or prospective insured to a rating tier based upon that person's: (1) educational level; (2) employment, trade, business, occupation or profession; or (3) credit score, or any information derived from an insured's credit report. The bill also prohibits automobile insurers from inquiring of an insured or applicant for insurance, or of a third-party concerning an insured or applicant, as to these factors.
AI Summary
This bill prohibits automobile insurers from using an insured or prospective insured's educational level, employment, occupation, or credit score as factors in determining their insurance rating tier. The bill also prohibits insurers from inquiring about these factors when underwriting automobile insurance policies. This is intended to prevent insurers from basing insurance rates on factors that may not directly relate to driving risk or insurance costs.
Committee Categories
Business and Industry
Sponsors (11)
Wayne DeAngelo (D)*,
Jamel Holley (D)*,
Annette Quijano (D)*,
Verlina Reynolds-Jackson (D)*,
Herbert Conaway (D),
Thomas Giblin (D),
Angela Mcknight (D),
Bill Spearman (D),
Shanique Speight (D),
Britnee Timberlake (D),
Valerie Vainieri Huttle (D),
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A1657 |
BillText | https://www.njleg.state.nj.us/Bills/2020/A2000/1657_I1.HTM |
Bill | https://www.njleg.state.nj.us/Bills/2020/A2000/1657_I1.PDF |
BillText | https://www.njleg.state.nj.us/2020/Bills/A2000/1657_I1.HTM |
Bill | https://www.njleg.state.nj.us/2020/Bills/A2000/1657_I1.PDF |
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